California-based mortgage lending company loanDepot has announced plans to extend its $497.8 million senior notes set to mature in the near future. This move is part of the company’s strategic financial planning and demonstrates their commitment to long-term stability and growth in the mortgage industry.
Key points:
– loanDepot, headquartered in California, is extending its $497.8 million senior notes due in 2025.
– This decision reflects the company’s focus on long-term financial planning and stability in the mortgage industry.
– By extending the maturity of its senior notes, loanDepot is positioning itself for continued success and growth in the competitive mortgage lending market.
You can read this full article at: https://www.housingwire.com/articles/under-stress-loandepot-buys-time-with-plan-to-extend-500m-debt/(subscription required)
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